Windfall Elimination Provision – Social Security January 13, 2016 – More than 30 years ago, Congress enacted legislation to strengthen the Social Security program, in part, at the expense of Civil Service Retirement System (CSRS) annuitants who were eligible for Social Security. Since 1983, NAPUS and others, including NARFE, have sought to repeal this discriminatory […]
By Attorney Robert R. McGill The golden days of yesteryear are gone. Time was, employment with the U.S. Postal Service was not merely another job, but a career that ensured job satisfaction, income security, and a sense of investment for the future. Then, technology and the promise of innovation arrived; “efficiency” was the word for […]
1.22.2015 Conserving sick leave can extend service time for employees getting ready to retire. Civil Service Retirement System (CSRS) and Federal Employees Retirement Systems (FERS) employees will receive credit on their basic retirement annuities for all accrued and unused sick leave. Once employees reach the age and service requirements for retirement or accept an early […]
Federal Disability Retirement under FERS or CSRS from the U.S. Office of Personnel Management by Robert R. McGill, Federal Disability Attorney It is an adversarial process. One can describe it any way you want: euphemisms are meant to soften the reality of an issue, and so we fool ourselves (often, with the help of Human […]
(08/19/14) In July 2014, the Consumer Price Index (CPI-W) fell slightly to 698.580. The sixth COLA adjustment under the 2010 National Agreement is: Per Annum: $686.00 Per Pay Period: $26.40 Cents Per Hour: 33¢ The first and third COLAs were effective March 9, 2013 (pay period 07-2013, pay date March 29, 2013) and totaled $207.00 […]
Edwards Introduces the Federal Employee Pension Fairness Act Washington, DC – Congresswoman Donna F. Edwards [MD-4] introduced The Federal Employee Pension Fairness Act today to repeal the unnecessary and increased contributions of federal employees to their own pensions. Under current law, recently hired federal employees have been forced by the Middle Class Tax Relief and […]
“The situation now, as you can see, is fairly precarious. When you have roughly $4 billion of cash, and over $100 billion in liabilities, it doesn’t take a genius to figure out we’re in a financial crisis.” —USPS Chief Financial Officer Joseph Corbett, Wall Street Journal online edition, June 18, 2014 June 18, 2014—Poor Joe […]
GAO: Action Needed to Address Unfunded Benefit Liabilities USPS continues to be in a serious financial crisis, with insufficient revenue to cover its expenses and financial obligations as the volume of USPS’s most profitable product, First-Class Mail, continues to decline. At the end of fiscal year 2013, USPS had about $100 billion in unfunded liabilities: […]
Oklahoma excludes from state taxes 100 percent of what federal retirees paid into the old Civil Service Retirement System, though many retirees, and even tax preparers, miss that fact, expert says.
For CSRS & FERS retirees: 2014 retiree COLAs—1.5% for FERS & CSRS: The cost-of-living adjustments (COLAs) for both Civil Service Retirement System (CSRS) and Federal Employee Retirement System (FERS) benefits will be 1.5 percent in 2014, based on the Oct. 30 release of the Consumer Price Index (CPI) for September. Although the release of the […]